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Examveda

Discounting of bill by the drawer is done with

A. Creditor

B. Drawee

C. Bank

D. Notary public

Answer: Option C

Solution(By Examveda Team)

Discounting of bill by the drawer is done with Bank. An accepted draft or bill of exchange sold for early payment to a bank or credit institution at less than face value after the bank deducts fees and applicable interest charges.

This Question Belongs to Commerce >> Accounting

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